Biotech firm to open office in Chandler

January 8, 2009

By Flinn Foundation

[Source: The Arizona Republic, Luci Scott and Kerry Fehr-Snider] – One of the largest drug-development services companies in the world is moving into southeast Chandler, potentially adding $1.8 million annually to the Valley’s economy and giving the region its “first really serious play” in bioindustry.

Covance, based in Princeton, N.J., received the go-ahead Thursday from city officials to open its $100 million, two-story center near the Chandler airpark.

Thousands of pieces of equipment will be moved into the facility this month, and Covance plans to ramp up production by spring. The company is considered a possible magnet for other biotech companies, increasing Chandler’s high-tech profile while diversifying the Valley’s economy.

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